The company has been under immense pressure related to the AGR dues. On September 1, the Supreme Court allowed telecom players a 10-year timeline to pay adjusted gross revenue (AGR) dues. The apex court also asked the companies to make an upfront payment of 10 percent of the outstanding amount. … [Read more...] about Vodafone Idea shares hit upper circuit on $4 bil funding buzz from Verizon, Amazon
Share price of amazon
Inclusion on the S&P would have created fresh demand for Tesla stock from index buyers, but that possibility was one of only a number of factors driving Tesla’s share price northward over the last several weeks. The company also announced a stock split—which makes it more appealing to retail investors—and it was riding a tech-focused rally that had propped up the market more broadly. … [Read more...] about Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead
At stake is New York’s financial health and its status as the world’s corporate headquarters. There is more square feet of workspace in the city than in London and San Francisco combined, according to Cushman & Wakefield, a real estate brokerage firm. Office work makes up the cornerstone of New York’s economy and property taxes from office buildings account for nearly 10% of the city’s total annual tax revenue. … [Read more...] about COVID-19 | Manhattan’s office buildings are empty. But for how long?
There has been a sharp increase in the number of Indian investors investing in the US market. The main reasons for Indian approaching US markets include factors like - (1) Diversification (2) Access to fast-growing tech companies (3) Indians are now customers of global brands like FB, Starbucks etc. - now they want to invest in these companies. … [Read more...] about Not FAANG, but Indian investors are lapping up ‘FAAMNG’ stocks
A: Given the huge impact of the COVID shock, it is imperative that central banks as well as governments continue with the liquidity and fiscal support. As of now it looks like the accommodative stance will continue in the foreseeable future and real interest rates will be zero and even stay negative for a long time – this is usually a signal for asset price inflation. We are seeing this increase in prices of all assets, whether it is equities, bonds, precious metals and even crypto currencies like Bitcoin. Markets are expecting the liquidity creation to continue. Emerging markets have underperformed the developed markets so far. … [Read more...] about DAILY VOICE: Valuations of largecaps & polarization of market into top 10-20 stocks are biggest risks, says Mihir Vora of Max Life